All of the people surrounding a writer turn out to be members of a sacrificial cult and since one of them is a psychologist, they have the writer committed to an asylum after he stumbles upon one of their ritual human burnings.

A scientist recreates the serum that gave Midas his golden touch and feeds it to his dog. Anything the dog touches turns to gold and he donates the gold to help people. Another man with greedy intent breaks in and unlocks the dog's cage. While the two men are locked in a struggle, the dog touches them and they are transmuted into gold.